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Top 10 CEOs Involved Ethics Scandal

VIVAnews - Occupying the top position in the company is promising comfort, variety of facilities and a large salary. However, the executive is not always comfortable and enjoyable.

With the highest position, the Chief Executive is required to provide a good example to subordinates, and be careful in taking care of corporate ethics, including personal relationships with subordinates.

If not, ready to threaten sanctions and penalties. Not only that tarnished his good name, but they have to let go and leave the important position he assumed.

That's what happened to the Chief Executive's top companies in the United States who are stuck doing deviant acts.

As written the Wall Street Journal August 9, 2010, at least there are 10 top executives involved in the scandal that forced to resign from his position. Here is a row of executive.

Robert Moffat
Robert Moffat, a former senior vice president at International Business Machines (IBM) Corp.. He resigned from the company in 2009 after caught in a major insider trading case involving a group of hedge fund Galleon, executives of other companies, and brokers on Wall Street. Earlier this year, Moffat pleaded guilty to criminal charges because of passing information to Danielle Chiesi, a female friend who according to federal prosecutors suspected of having an intimate relationship with Robert.

John Browne
John Browne, former Chief Executive of the giant oil company BP PLC. He resigned in 2007 after admitting to have lied to the judge, while trying to prevent the British newspaper expose details about his private life.

Steven J. Heyer
Steven J. Heyer was ousted from the position of Chief Executive at Starwood Hotels & Resorts Worldwide Inc. in 2007. It happened after the board received an anonymous letter that accused him of creating a hostile work environment. The contents of the anonymous letter, for example, Heyer having "intimate" inappropriate by a worker outside a restaurant bathroom. However, Heyer denied any such improper actions.

Chris Albrecht
Chris Albrecht, CEO of Time Warner Inc. Home Box Office division, was arrested for physical violence against a female friend. The scandal deepened a newspaper report stating that he had attacked her in the past. It's the case, Chris resigned his position at Time Warner.

Mark W. Everson
Mark W. Everson was ousted from his position as president and CEO of the American Red Cross in 2007 for involvement in an affair with a subordinate. Everson then excused himself to leave their officials "for personal reasons and family."

Patricia Dunn
Patricia Dunn resigned as Chief Executive Officer of Hewlett-Packard after the investigation proved that he had leaked company secrets to the press.

Harry Stonecipher
In 2005, Boeing CEO Harry Stonecipher after replacing emails revealed that his relationship with a female executive at the company. Boeing said at the time Stonecipher, who later married, was fired not because of an affair, but violated Boeing's code of ethics. Stonecipher admitted his actions.

Thomas M. Coughlin
Thomas M. Coughlin resigned his position as Deputy Chief of Wal-Mart Stores Inc. in 2005 amid allegations of embezzled expenses, and create invoices for reimbursement of U.S. $ 500 thousand. A year later, he pleaded guilty to fraud and tax evasion in federal court.

Dennis Kozlowski
Efforts to tax evasion are also revealed in L. Dennis Kozlowski of Tyco International Ltd., who resigned in 2002. He was caught trying to avoid the sales tax in New York for the purchase of works of art. He was later convicted of stealing tens of millions of dollars of unauthorized compensation from the company.

Mark Hurd
Mark Hurd resigned as CEO of Hewlett-Packard's board of directors after the results of the investigation reveal allegations of sexual harassment. Although the company admits he does not violate company policy about sexual harassment, but Hurd is considered to have undermined the credibility of the company..


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